Hi, can somebody help to explain below why L&G issued share below? Will it affect the share price later? Is it a good or bad to us? Tq
LAND & GENERAL BERHAD
1. Details of Corporate Proposal Whether the corporate proposal involves the issuance of new type and new class of securities? No Types of corporate proposal Others Details of corporate proposal Conversion of 1% Irredeemable Convertible Unsecured Loan Stocks 2013/2018 of RM0.13 Nominal Value Each No. of shares issued under this corporate proposal 700,000 Issue price per share ($$) MYR 0.260 Par Value ($$) MYR 0.200 Latest issued and paid up share capital after the above corporate proposal in the following Units 1,073,794,216 Currency MYR 214,758,843.200 Listing Date 10/04/2015
Of course, during conversion of big share holder time, number of share increased so much that mean dividen, pe , eps will change also..the share peak is over , property counter good times had past, this counter will continue sleep until next blooming cycle..stay away this counter. It had sleep over ten years, sometimes wake up for while but continue sleep..useless counter due to its poor management or internal problem probably...
book value is at 0.58/ share which means ur actually buying the company below its book value. So definitely there's more room for this counter to grow.
l&g will have list of properties to launch within the second half. So once announced, it will go up to 0.6 and above again. It should trade above its book value.
book value at 0.58 and with the sustainable earning in foreseeable future, the book value will go above 0.60, so the market price should reflect at least the book value. 0.60 is coming !!!
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Posted by Invest123 > 2015-04-09 19:29 | Report Abuse
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